It never hurts to be conservative on the first investment though, so congrats again on making the leap and the killer returns!

I haven't done so yet, but it's a good card to keep up your sleeve for when you are ready. 

So, we get things like this. 

The garage probably doesn't have any plumbing, so this is from a roof leak.The wall probably has mold inside it.

They honestly know what they are doingThe true way to know if someone is reputable is if they know their guidelines, can call you out if you are being unrealistic, and are quick to kill a deal rather than piece gum together and see if it will pass.

I want to grow my business so i can eventually buy a rental property, or convert the house i own currently. 

Speaking of Quickbooks, if a tenant goes a few months without paying through the app, you have to re-connect them to Quickbooks after the tenant calls because they are unable to pay. 

So pending that the investor has decent credit and reserves to support, they do not care what your taxes look like.

In my view, the entire side fence is still entirely inside my property, so all improvements belong to me (even though he paid for the back part of the side fence).

Capital improvements (I call this my WIP, which stands for work in progress).